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Please help me I dont know how to calculate the interest expense and the amortized discount PROBLEM I ABC Industries issued $4,000,000 of 8%, 10-year

Please help me I dont know how to calculate the interest expense and the amortized discount image text in transcribed
PROBLEM I ABC Industries issued $4,000,000 of 8%, 10-year bonds dated April 1, 2004., with semiannual interest payments on April 1 and October 1 . The market interest rate was 9% and the bonds were issued at 97. ABC's year end is December 31, and it has elected to use the effective interest method of amortization. Prepare the amortization schedule for four periods. Use the data from your schedule to do the following: 1) Record the bond 2) Prepare the journal entry to record the interest expense for the third period 3) What is the carrying value of the bond at the end of the fourth period? 4) UO Long-term Liabilities: Bonds Payable Add: Premium on Bonds Payable $100,000 3,280 $103 380

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